Alloy Steel Inc. (fka AYSI)

[DaveinHackensack]

There seems to be a flight out of micro caps now; it's not limited to Alloy Steel. I'm seeing it in some of my other holdings. These are tough times: you buy when something looks cheap and then it gets even cheaper. But the key, IMO, is to focus on the underlying business prospects and the balance sheets. In these respects, Alloy Steel still looks solid.